EVOLUTION OF REVENUE

23%

9%

68%

100

200

300

400

200

9

2011

2014

2010

2013

2012

2015

0

4000EMPLOYEES

€400M

REVENUE

03

Jean BEDOUINChairman of the

Supervisory Board

A NEW GOVERNANCE FOR A NEW BUSINESS MODEL

Sofrel

City

Electronics

Vincent BEDOUINChairman

of the Board

Nicolas BEDOUINFinance Director

For LACROIX Group, the period saw the change in Governance,

a major milestone in the history of a family company.

Vincent and Nicolas have taken over the reins, after

proving during 10 years their ability to manage

harmoniously and efficiently its development, while

holding on to the values which have made its strength.

Obviously, I also count on the expertise of the

managers and teams who will focus on accelerating

and achieving our shift towards higher technology,

in order to find and seize new development opportunities.

Together, we will be able to make the most of our

increasingly interwoven business areas to deliver

practical solutions and innovative products which will

support new uses and meet the needs of new customers.

One of our strengths is to be part of a financially sound

structure, combining a mid-term and long-term

strategy and efficient decision-making processes.

For this reason, I am confident in the future of the Group

and its ability to open up to new areas and markets.

SERVING A CONNECTED AND SUSTAINABLE WORLD

HELPING CUSTOMERS

MAKE THE WORLD

SMARTER

THE LACROIX GROUP AIMS AT SERVING A CONNECTED,

SUSTAINABLE WORLD THROUGH ITS TECHNOLOGICAL

AND INDUSTRIAL EXCELLENCE

We develop innovating solutions for our customers,

thus enabling them to make the world smarter,

to better manage electronics innovation as well as

flows of data, people, water and energy.

We address traditional markets which we are familiar

with, and support their transformation through

adoption and mastering of technologies.

We analyze the needs of our customers,

we design, we manufacture, we implement.

Our various ranges of products and sub-assemblies

make technology simple, accessible and robust,

for current and future uses.

This high level of requirement and this

expertise have built our core identity for 80 years.

RESPECTING HUMAN VALUES TO SUCCEED

INNOVATING FOR OUR CUSTOMERS

REMAINING AGILE AND THINKING AHEAD TO BE SUSTAINABLE

05

In an increasingly urban world,

where resources are growing

scarce, we are going through an

unprecedented digital transformation.

The revolutions in technology and use

challenge organizational patterns

within companies and society.

Changing, constantly adapting, but also

setting our mission over time. So are the

rules of conduct to be complied with.

It is the best guarantee of our Group’s

independence and long-term sustainability.

With more than 500 engineers and

technicians, LACROIX Group intends to

cultivate the spirit of innovation in connection

with customers, suppliers and partners.

With a commitment to quality and continuous

improvement, listening to customers and meeting

their needs are a daily concern for our teams.

Day after day, we also develop services such

as advice, marketing, co-design, project

management, training, installation,

and hotline support.

Connected to the markets and concrete

requirements of our customers, our Group

offers innovating and relevant solutions.

Relying on values shared by all, LACROIX Group

constantly takes on new challenges to maintain a

genuine team spirit, which is a key element for success.

With an entrepreneurial spirit and the desire to progress

within a community of competences, our teams always act with

a concern for respect, humbleness and collective performance.

ACTIVITIES

Industrializes the electronics

functions of its customers’ products:

• Design of electronics sub-assemblies

and project management

• Components purchasing and supply

• Electronic PCB and finished

products assembly, testing

and integration

• Supply chain and

after-sales service

Electronics

€270M revenue

3250 employees

Designs and manufactures

equipment and solutions aimed

at directing, enhancing and

securing vehicle and people flows:

• Road signage

• Traffic management

• Street lighting

• Street furniture

07

Develops equipment aimed at

controlling and managing

remotely networks:

• Drinking water networks

• Water treatment networks

• Heating and energy networks

Sofrel City

€40M revenue

150 employees

€90M revenue

600 employees

For more than 40 years, LACROIX Electronics has been industrializing the electronic functions of its customers’ products in the industry, automotive, home and building automation, healthcare, civil avionics and defence sectors.

OPERATING IN FRANCE, GERMANY, TUNISIA AND POLAND, LACROIX ELECTRONICS IS A MAJOR ELECTRONICS MANUFACTURING SERVICES PROVIDER IN EUROPE AND NORTH-AFRICA.

Electronics

Industrial Automotive Home and buildingautomation

HealthcareCivil avionics and defence

Designing

Testing

Production line

Coating

Assembling

09

MEETING THE REQUIREMENTS

OF RAPIDLY GROWING MARKETS

LACROIX Electronics supports major industry players which need to outsource

their electronics design and manufacturing operations to remain focused on

their core business.

LACROIX Electronics also addresses companies not specialized in electronics who

seek concrete solutions to integrate electronic functions to their products with a

shorter time-to-market.

In connection with the various players in the value chain, from electronic

components suppliers to end customers, LACROIX Electronics thus develops agile

solutions in a smart production ecosystem.

With around 100 engineers, LACROIX Electronics supports its customers

from design to industrialization of complete electronics products.

At the heart of the industry of the future, LACROIX Electronics invests

every year in its R&D and industrial assets, based on a long-term

technological and IT roadmap, to meet customers’ requirements

and to better address their own market constraints.

PLANNED INNOVATION AND

EXPERTISE

LACROIX Electronics has complementary expertise centers which

allow to have a competitive offering, thanks to facilities

dedicated to small, medium or large runs depending on

customers’ business sectors.

DIVERSIFIED COMPETENCE

CENTERS

For more than 40 years, LACROIX Sofrel has been developing equipment for the remote control and management of facilities (drinking water, wastewater, energy ...)

AS THE FRENCH LEADER IN TELEMETRY, LACROIX SOFREL SUPPORTS PRIVATE AND PUBLIC OPERATORS OF WATER AND ENERGY NETWORKS, IN FRANCE AND ABROAD.

Sofrel

Wastewater treatment networks Heating and energy networksDrinking water networks

SCADA software

Assistance to installation

Wastewater flow monitoring

11

Remote terminal units

TAKING ON THE CHALLENGE OF

OPTIMIZING RESOURCES

As a player in the environmental market, LACROIX Sofrel develops connected

technologies enabling operators to control their facilities at a distance

(pumping stations, water reservoirs, water pipes, drinking or wastewater

treatment plants, heating plants or heating networks, solar installations ...) in

order to optimize water and energy resources and service quality to end-users.

CLOSE TO CUSTOMERS

IN FRANCE AND ABROAD

With an in-depth understanding of its customers’ business, LACROIX Sofrel offers

a complete range of solutions for modular and evolutive data processing,

transmitting and acquisition.

Operable through mobile and web-based network, innovative, easy to operate

and to install, LACROIX Sofrel products perfectly address installation constraints

in harsh environment and easily adapt to every customer application.

INNOVATION, SIMPLE USE

AND RELIABILITY

Very well established in France through its sales network,

LACROIX Sofrel is also close to its customers worldwide through

its subsidiaries (Spain and Italy) and distributors.

City

For more than 60 years, LACROIX City has been designing and manufacturing devices aiming at directing, enhancing and securing vehicle and people flows.

AS THE FRENCH LEADER IN SMART MOBILITY FOR PUBLIC COMMUNITIES AND PRIVATE COMPANIES, LACROIX CITY HAS MORE THAN 11 000 ACTIVE PUBLIC CUSTOMERS AND MANY REFERENCES IN EUROPE, LATIN AMERICA, NORTH AFRICA AND SUB-SAHARAN AFRICA.

Interurban trafficRoad signage Street lightingUrban traffic

Directional and police

traffic signs

Traffic lights

Variable Message Signs

Telemetry solutions for smart roads

13

Reinforced illuminated road signs

Junction box and motion sensor for

street lighting

TAKING ON THE CHALLENGES OF AN URBANIZING

WORLD

Compact and connected, cities stand at the crossroads of all flows: vehicles, pedestrians,

bicycles, busses, trains ... LACROIX City offers solutions to share streets and roads taking

into account the needs of end-users and operators.

With its extensive range, LACROIX City takes on the challenge of today’s cities and brings

concrete solutions: providing real-time information, connecting road infrastructure with

connected -and soon autonomous- vehicles, streamlining itineraries, allowing fast travel

time, providing light, protecting end-users, and achieving energy and maintenance savings.

Everyday, LACROIX City provides advice and a timely tailored response to its

customers by providing a network of experts, both in France and abroad, through

its subsidiaries and distributors in Europe, Africa, Latin America and Middle East.

PROXIMITY AND FLEXIBILITY

Combining constant listening of its customers, human competences and mastery of

technologies, LACROIX City develops pioneering concepts and re-invents market

standards by offering quality, simple and secure products.

With a wealth of experience and a few dozen international patents, it contributes to

giving shape to the concepts around smart cities.

INNOVATION CONNECTED TO

THE FIELD

A GROUP WITH A GLOBAL FOOTPRINT

FRANCE LACROIX Headquarters

Manufacturing facility 4 R&D Centers

R&D and Logistics Center

4 Manufacturing facilities1 R&D Center

TUNISIAManufacturing facility

SPAINSales subsidiary

2 Sales subsidiaries 2 Manufacturing facilities

ITALYSales subsidiary

CAMEROONSales subsidiary

Sofrel

City

Electronics

GLOBAL NETWORK OF DISTRIBUTORS SERVING MORE THAN

40 COUNTRIES

15

MAYOTTESales subsidiary

REUNION ISLANDSales subsidiary

NEW CALEDONIAManufacturing facility Sales subsidiary

POLANDManufacturing facility

GERMANYManufacturing facility R&D Center

8, impasse du Bourrelier • BP 30004 44801 Saint-Herblain cedex • FranceTél. +33(0)2 40 92 37 30 • Fax +33(0)2 40 92 10 15info@lacroix.frN° Siren 855 802 815 • RCS Nantes

www.lacroix-group.com

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